A staggering 100 million businesses are launched annually according to figures from gem global report

For over five years now, startup activity has experienced massive growth around the world.
In fact, a post on the City A.M. blog shows that “a staggering 100 million businesses are launched annually, according to figures from GEM Global Report. It comes to just over three businesses every second, or 11,000 per hour.”
However, does that mean that starting a business is easy? Well, I will say that starting a business is easy, but starting a business and making it a success is very difficult. Landing your first paying customer is even more challenging.
Interestingly, as many companies are turning into successes, more and more companies with killer services and products are failing on a daily basis.
In an article published on LinkedIn Pulse, Kevin Vyavahare showed that “The failure rate for new startups seems to be around 70% to 80% in the first year and only about half of those who survive the first year will remain in business the next five years.”
However, no … [Read more...] about Growth Hacking Tactics For Beginners (How To Use Them To Grow Your Business)